Atlas Lithium (STU:C480) Days Payable : 3,615.54 (As of Mar. 2024)

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What is Atlas Lithium Days Payable?

Atlas Lithium's average Accounts Payable for the three months ended in Mar. 2024 was €3.72 Mil. Atlas Lithium's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.09 Mil. Hence, Atlas Lithium's Days Payable for the three months ended in Mar. 2024 was 3,615.54.

The historical rank and industry rank for Atlas Lithium's Days Payable or its related term are showing as below:

STU:C480' s Days Payable Range Over the Past 10 Years
Min: 257.6 Med: 432.81 Max: 9215.18
Current: 9215.18

During the past 12 years, Atlas Lithium's highest Days Payable was 9215.18. The lowest was 257.60. And the median was 432.81.

STU:C480's Days Payable is ranked better than
88.06% of 1064 companies
in the Metals & Mining industry
Industry Median: 137.515 vs STU:C480: 9215.18

Atlas Lithium's Days Payable increased from Mar. 2023 (0.00) to Mar. 2024 (3,615.54). It may suggest that Atlas Lithium delayed paying its suppliers.

Atlas Lithium Days Payable Historical Data

The historical data trend for Atlas Lithium's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Atlas Lithium Days Payable Chart

Atlas Lithium Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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292.67

704.17

455.41

1,974.59

Atlas Lithium Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															-	-	-	-	3,615.54

Competitive Comparison of Atlas Lithium's Days Payable

For the Other Precious Metals & Mining subindustry, Atlas Lithium's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Atlas Lithium's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Atlas Lithium's Days Payable distribution charts can be found below:

* The bar in red indicates where Atlas Lithium's Days Payable falls into.

Atlas Lithium Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Atlas Lithium's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.386	+	3.124)	/	2 )	/	0	*	365
=	1.755					/	0	*	365
=	N/A

Atlas Lithium's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3.124	+	4.325)	/	2 )	/	0.094	*	365 / 4
=	3.7245					/	0.094	*	365 / 4
=	3,615.54

Atlas Lithium Days Payable Related Terms

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Atlas Lithium (STU:C480) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Atlas Lithium Corp (STU:C480) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ATLX:USA C480:Germany

Address

Rua Bahia 2463, Suite 205, Belo Horizonte, MG, BRA, 30.160-012

Website

https://www.atlas-lithium.com

Atlas Lithium Corp is a mineral exploration and development company with lithium projects and exploration properties in other critical and battery minerals, including nickel, rare earth, graphite, and titanium, to power the increased demand for electrification. Its current focus is on developing its hard-rock lithium project Minas Gerais Lithium Project located in Minas Gerais State in Brazil. The company intends to produce and sell lithium concentrate, a key ingredient for the battery supply chain.

Atlas Lithium (STU:C480) Headlines

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